Bitcoin Dump - The Worst Thing

[supercanada1]

I hope you do know that almost all of the prices of altcoins are based on BTC. It's directly proportional.

• When BTC drops in Price, Altcoins Suffer as well
• When BTC increases in Price, Altcoins suffer as well

It's best to note that this is happening almost all of the time; it would just depend on the demand of a particular coin. Whether someone's buying it or not. That's the exception. So this is not common knowledge or isn't thought about, but it's true. I hope people would understand that concept when it comes to trading.

It's not the worst thing you know because you could take advantage of the drop by shorting the market. It would just depend on the exchange that you have if you could short it or long it.

This is the reality of altcoins. They highly depend on bitcoin for their value. Even the king of altcoins cannot make progress without bitcoin moving forward. Even in 2017, it was able to gain high value of almost 1k dollars and above with the help of the real king, bitcoin. Therefore, it is suggested to all the holders of crypto currencies to read and understand bitcoin first and then continue the job.

[Taskford]

Bitcoin Dump - The Worst Thing

When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?

will realize when all the coins that are held over time are losing their value. basically Alts is just an alternative to bitcoin and will definitely follow the influence of bitcoin. the only way to get profit even in the worst conditions like this is to do daily trading.

My friends and I do a leverage tradings with bitcoins and I can say that the profit is quit good unlike if we hold for long since chances to lose in the market situation like this is so high.

I hope you do know that almost all of the prices of altcoins are based on BTC. It's directly proportional.

• When BTC drops in Price, Altcoins Suffer as well
• When BTC increases in Price, Altcoins suffer as well

It's best to note that this is happening almost all of the time; it would just depend on the demand of a particular coin. Whether someone's buying it or not. That's the exception. So this is not common knowledge or isn't thought about, but it's true. I hope people would understand that concept when it comes to trading.

It's not the worst thing you know because you could take advantage of the drop by shorting the market. It would just depend on the exchange that you have if you could short it or long it.

This is the reality of altcoins. They highly depend on bitcoin for their value. Even the king of altcoins cannot make progress without bitcoin moving forward. Even in 2017, it was able to gain high value of almost 1k dollars and above with the help of the real king, bitcoin. Therefore, it is suggested to all the holders of crypto currencies to read and understand bitcoin first and then continue the job.

It always dependable since Bitcoin user s at the top and it is always paired to any alt's around that's why we can see it's dependable and also maybe we should not say without Bitcoin  alt's cannot make a progress since I saw so many project still doing great eventhough the market is so red and questionable.

[icekohl]

Bitcoin Dump - The Worst Thing

When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?

Bitcoin dump is an opportunity for me to earn money by margin trading. In the last 2 years, the fact is that we have very few opportunities to profit from regular trading and take a lot of risk if the token price drops sharply. So why not take advantage of this bear market to make money by short BTC and other altcoins?

[yangongear]

That is the essential in this market. Because most altcoins have a pair trading with BTC, with the BTC dominance is still quite high (~ 70%), so that the whole market depends on the volatility of BTC. In the future, when stablecoins are higher and altcoins are paired with stablecoins, perhaps that situation will not happen again.

[star7dust]

I guess this is just how the market works. A perk is that it makes the altcoins more predictable this way haha

[Golftech]

Bitcoin Dump - The Worst Thing

When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?

Bitcoin dump is an opportunity for me to earn money by margin trading. In the last 2 years, the fact is that we have very few opportunities to profit from regular trading and take a lot of risk if the token price drops sharply. So why not take advantage of this bear market to make money by short BTC and other altcoins?

It's possible once you already gain the right knowledge to use incorporating every ideas that you learned to the best outcome that you need. Scalping might be too risky in such a manner that only risky traders can manage to take. To those who can't afford losing in the short period of time needs to continue holding and wait for the bounce to happen. The chance is slim and the percentage of profits is small but good enough if you executed correctly.

[Aikidoka]

That is the essential in this market. Because most altcoins have a pair trading with BTC, with the BTC dominance is still quite high (~ 70%), so that the whole market depends on the volatility of BTC. In the future, when stablecoins are higher and altcoins are paired with stablecoins, perhaps that situation will not happen again.

Exactly, I mean the most of altcoins depends usually on the volatility of bitcoin over the years. As you said, bitcoin is dominating the crypto market with a high percent estimated at 70%. I hope that bitcoin's price will increase in the next few months, so we'll see a huge increase even in the other cryptocurrencies.

[Malamok101]

As usual if bitcoin dump it is the worst thing ever you will gonna meet somehow it can possible affect those traders by holding bitcoin in a for long time.

[Hypnosis00]

Have we gone too far from the DUMP? I don't know why people keep looking on the downside rather than staying positive and conquer our fear. For this fall have reason and that may an opportunity for the others to start investing crypto. It soon comes up and be in the bullish again, we need to be patient and stay calm for not all the time are in the upside but also we experience down sometimes which we have to understand.

[onrise]

This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.

For the current situation, it is good. there are a lot of wise investors that didn't make any missed the trend. they know how bitcoin actually move and bitcoins downfall they already sell and now they are buying at deep and still reading the market. be wise enough and don't let your guard down to observe the trend of btc.   

It is good for the people who want to make money and know the potential of bitcoin and dump actually helps people to buy it at lower price and make money easily when the btc rises . This year has being again the roller coaster ride for btc .

[Yamifoud]

This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.

For the current situation, it is good. there are a lot of wise investors that didn't make any missed the trend. they know how bitcoin actually move and bitcoins downfall they already sell and now they are buying at deep and still reading the market. be wise enough and don't let your guard down to observe the trend of btc.   

It is good for the people who want to make money and know the potential of bitcoin and dump actually helps people to buy it at lower price and make money easily when the btc rises . This year has being again the roller coaster ride for btc .

We've been actually riding a roller coaster since from the very beginning and isn't surprising anymore to see price fluctuations all the time.
We have to keep in mind that all the changes we are experiencing today aren't just because of market manipulation, we are in the status that the market demand isn't strong enough to drive the market goes up. I'd never felt that there is a need to be panic, the same thing to sell our coins today cause there is a big chance that we will be turning back again to the bullish once halving is done next year.
I know most of us here are too disparate to see the market don't even move high instead of falling down. But we have nothing to blame for this cause that is exactly how the crypto market meant to be.

[samuraijin]

yes the price of bitcoin is still above $ 7000 and there still hasn't dared to go above $ 8000 as many people expect it at the end of the year, but if in my view altcoin always follows the price of bitcoin, usually like that in BTC pairs every altcoin will go up when BTC / USD is down, but this goes on irregularly, just waiting for the market to completely recover

[DevilSlayer]

That's not the worst part, you can avoid that dump. You know what is the worst part? It is the poor risks management of most of the traders. They can easily avoid the dump of the bitcoin if they know how to cut loss. Cut loss can minimize their losses and beforr you buy a coins you should know when is the right time to cut it.

[Sadlife]

People bought altcoins because they're much cheaper compared to bitcoin that's why whenever bitcoin price fluctuates all the other coin also falls. Some of the trader take this as a chance to accumulate more bitcoin. This show how popular bitcoin is for traders and investors but i also see some potential downside to this, what if bitcoin someday goes extinct we all know how limited bitcoin supply is. How would the crypto market would react ?

[KnightElite]

This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.

For the current situation, it is good. there are a lot of wise investors that didn't make any missed the trend. they know how bitcoin actually move and bitcoins downfall they already sell and now they are buying at deep and still reading the market. be wise enough and don't let your guard down to observe the trend of btc.   

It is good for the people who want to make money and know the potential of bitcoin and dump actually helps people to buy it at lower price and make money easily when the btc rises . This year has being again the roller coaster ride for btc .

We've been actually riding a roller coaster since from the very beginning and isn't surprising anymore to see price fluctuations all the time.
We have to keep in mind that all the changes we are experiencing today aren't just because of market manipulation, we are in the status that the market demand isn't strong enough to drive the market goes up. I'd never felt that there is a need to be panic, the same thing to sell our coins today cause there is a big chance that we will be turning back again to the bullish once halving is done next year.
I know most of us here are too disparate to see the market don't even move high instead of falling down. But we have nothing to blame for this cause that is exactly how the crypto market meant to be.

The price of the bitcoin compared to a roller coaster because it has a swing low and swing high and also parabolic moves. There is no straight path in a roller coaster and it is like the price of the bitcoin that are always swinging. Right now the price is continuing to go down because of the bear market but we should not worry to much because it will go up soon.

[cryptobaro]

Well in my opinion BTC dump is not the worst scenario. Even if BTC dumps, it is a chance to buy alts when they are low. So do not look at the market just considering BTC going up or down. Every move of BTC is a great chance to buy cheaper alts and getting profit.

[Hypnosis00]

Well in my opinion BTC dump is not the worst scenario. Even if BTC dumps, it is a chance to buy alts when they are low. So do not look at the market just considering BTC going up or down. Every move of BTC is a great chance to buy cheaper alts and getting profit.

It won't warrant anything, especially for altcoins to be more profitable than of Bitcoin. Thus, investing altcoins will be a big risk and chances of losing if the market will continue to drop by. If we are about to invest, I would like to suggest that please consider Bitcoin only instead of investing altcoins.
We all know that most altcoins are depending on the Bitcoin price trend, once it drops again, altcoins will follow by then, that is what we think if we would take altcoins.

[wxa7115]

This is the reality of altcoins. They highly depend on bitcoin for their value. Even the king of altcoins cannot make progress without bitcoin moving forward. Even in 2017, it was able to gain high value of almost 1k dollars and above with the help of the real king, bitcoin. Therefore, it is suggested to all the holders of crypto currencies to read and understand bitcoin first and then continue the job.

I am always surprised how that known fact is ignored by most traders, all the altcoins are completely dependent on how bitcoin moves, so if bitcoin is going up then most altcoins are going up and if bitcoin is going down then most altcoins are going down, it is so obvious that sometimes I wonder what kind of level the investors and the traders in this market have that they cannot comprehend that simple pattern.

It only makes sense to invest in altcoins when it is very clear that we are in the middle of an altcoin season and it should not be very surprising that such thing only happens when bitcoin is in the middle of a huge bull market.

[Triffin]

When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?

You can call that any theory you want but the fact remains that bitcoin is the only coin the market that can be trusted and the rest of the coin revolve around the value of bitcoin and if people start selling bitcoin the rest of the market will go down as well and that is what we are seeing for years as long as the alt coin market came into existence. Most of the people are not long term holders and they will trade according to the market sentiments and that is why you see big drops in all the market.

in fact calling Bitcoin Dump is not a good idea, yes over the years bitcoin have played a significant role that has gone a long way to make it a model to other cryptos. Why is it that when the price of bitcoin falls all other coins are affected ,it is because Bitcoin Ranks the best of the crypto  coins in existence. Also most Investors are aware of the Volatile nature of Bitcoin,and with this in mind, it calls for investors to either invest for Long term or short term so as to be able monitor their investments and at long run will not come out to call Bitcoin names like Dump -the worst thing.

Yeah no one can put doubt on the value of bitcoin as since long we know bitcoin is the best coin and no Altcoin had ability to beat bitcoin. I never become worried about the price of bitcoin even if it falls we should just trust it and hold it as long as possible. It has the most volatile nature so we just need to take advantage by buying low price and hold at dump after sometime it all will rise again.

[enhu]

This is the reality of altcoins. They highly depend on bitcoin for their value. Even the king of altcoins cannot make progress without bitcoin moving forward. Even in 2017, it was able to gain high value of almost 1k dollars and above with the help of the real king, bitcoin. Therefore, it is suggested to all the holders of crypto currencies to read and understand bitcoin first and then continue the job.

I am always surprised how that known fact is ignored by most traders, all the altcoins are completely dependent on how bitcoin moves, so if bitcoin is going up then most altcoins are going up and if bitcoin is going down then most altcoins are going down, it is so obvious that sometimes I wonder what kind of level the investors and the traders in this market have that they cannot comprehend that simple pattern.

It only makes sense to invest in altcoins when it is very clear that we are in the middle of an altcoin season and it should not be very surprising that such thing only happens when bitcoin is in the middle of a huge bull market.

Or you can invest to an altcoin while the price is very low like few cents. You don't have to wait to buy in the middle of the bullrun because its going to be too late for you to realize the bullrun had already begun few months go. Its true despite BTC getting pumped, its also going to be dumped at every highs but it doesn't make the altcoins drop to zero.